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will restore some of the defense cuts made by the sequester. i will be -- the obama tax cuts will replace the bush tax cuts. >> do you think bainer is getting hoodwinked on this? >> it's hard for me to see how the republicans emerge from this well. they are turning the retreat they began november 6th into a republican route i think right now because in their hearts they don't believe what they are doing is right. >> so what do they do? >> it's like a doctor coming in and saying, look, you can give this kidney more heroin, it will kill him. that's what is hurting them and the other doctors come in and say we have to steady and put him on a diet of a little more of this stuff and the other doctor said, no, i'm not going to help you out, i'm not doing that. >> that's what the conservatives in the house are saying to boehner we are going the wrong way. >> then you go off the cliff and go exactly what you said. >> it would be a terrible blow. what the republicans should have done in the beginning is mr. president what do we agree on? we agree on cuts. that's the only thing they agree on. they
to speak of. no discussion of spending cuts. obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter. that was a huge olive branch as our colleague just said. this is a signal, a smoke signal like a vatican smoke signal sent from the administration to speaker boehner today. >> but that's been out there before. >> i understand that. >> there's only a handful of republicans, what are you going to get, a percentage point? mark seimone, boehner w
.8, oh, no, that's going to get cut down. it'll amount to $25.4 trillion. if, we'll call it obama wins. the national media waiting for that one. that's what's going to be. it's going to be a really dramatic -- you know, i ought to just trace that line, the change and show you exactly how it changes. this is how that line changes over the course of the next ten years, if the president wins. unfortunately, neither party is offering a serious proposal to trim either our deficit or our debt. the obama plan has $2 trillion in deficit reduction over the next ten years. the boehner plan goes for $2 trillion in deficit reduction, boehner wants, oh, yeah, he's going to kkck tail, all right? we're going to get $2.2 billion in the spending of this country. let me rephrase that. that'll be a $2.2 trillion reduction in the total planned spending. the growth of our spending will alter, it'll be just about that line right there. we're potentially looking at the republican plan, well, in 2020, i guess the best way to show you is just how tough it is. we'll only have a deficit and a debt, a national de
offered about $400 billion in medicare cuts as a starting point. president obama seems to be going to the mat on raising the top tax brackets for houses burning $250,000 or more, and this is what the republicans for political and historical reasons have had the most trouble. host: house republicans, according to "usa today," -- guest: the best indicator of that would be the budget passed by the house by paul ryan, and it includes budget category cuts lead in transportation, or social services for income security. it does not get to the specific program-level, but he is talking about a 26% cut in transportation, which analysts have extrapolated and could mean a huge cuts in the number of air-traffic controllers, for example which would cause flight delays and cancellations. they would have to get more specific later on. that is the general framework. host: how much does domestic spending consume of our federal government? guest: well, if they cut $38 billion, we have a $3.5 trillion annual budget, and a thoughtful approach is about $1.2 trillion. this small compared with social sect
sandy politicians making big promises, president obama promising to cut the red tape. now have they all forgotten about the victims? we're back with our political panel. john, you can see the frustration, you know. the man blasting president obama about his vacation to hawaii, just said he doesn't have electricity. you know, what about it? >> it's perfectly understandable and justified. i mean, you have the entire national media swoop in for a story where president obama and chris christie shook hands and that was supposed to be his great heartwarming moment where they were going to come together to fix things. now a month later there are real problems here and government just simply hasn't been working for a lot of these people. you have stories where there are perfectlily got fema trailers sitting in pennsylvania when they could be put to use in new york or new jersey. >> greta: why aren't they there? >> no one knows. i don't know. you hear people telling stories about filling out forms, people who are approved to use the money to stay at a marriott but not a comfort inn. there are so
americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have argued all along they will start by simply taxing everybody over 250,000. they told me they wouldn vote fr anything that would tax everybody over 150,000. you take the president's actions. the president doesn't want to get an agreement or compromise he wants to get his way. he won't come to the table with any serious proposal because we can get a solution everybody can live with. >>> they have a bit of a messaging problem. i don't understand why there's not more of a conversation that starts with the fact these taxes go up. democrats would not extend what has been a republican proposal to keep them low. they are in place n
, not irresponsible entitlements. that gets a pass. it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the president has adopted a deliberat
to get worse under obama. republicans are totally over the barrel because all tax cuts, bush tax cuts expire unless they agree to what is being portrayed as tax cuts for the rich. >> sean: boom. >> of course, let me finish the three points. it's not the rich. it's people who are currently engaged in making money or tax breaks as they say. for the rich i'd be more in favor of tax hikes on the rich. that's warren buffett and john kerry and diane feinstein. this is a tax on people desperately trying to become rich but the truly wish don't want them to. finally, the most important point is in two years we've got to take back the senate. >> sean: i don't want to talk about the election. >> the republicans need to concentrate on making sure this economy gets blamed on obama. there are things they can do like propose tax cuts or rather tax hikes for the truly rich, ie, warren buffett. no more state and low tax deductions. cut out that hollywood foin accounting. let's go after the 1% of the 1%. forget the 1% of income earners. >> sean: there's a lot of good ideas there. >> thank you. >> sean:
republicans for the last two years hasn't passed it. >> sean: how about extending the bush tax cuts for everybody? then if the fiscal cliff is hit, then the persons that will be hit are president obama and harry reid. >> every single house republican needs to be involved in communication. if they passed a bill that extended the tax cuts for everybody and every single one of them went on local tv and local radio and said we have now passed a middle class tax extension, all the president has to do is sign it, you would have a totally different debate going on the next day. >> sean: this is what i feel is missing. the discussion, and as best i could, i'm trying to explain it, about conservative prime princi, about what's al at stake, and ai hear is or i sense a fear they don't want to go over the cliff and i sense a fear on the pr front and just even the president with the whole language of the debate seems like a defeat to me. >> i don't understand why they haven't said from day one this is the path to a balanced budget that has to involve entitlement reform and spending reform. i wen
? there are so many questions that are still unanswered. and it is tell. obama said he would cut the red tape and there hasn't been any red tape cut. any. fema is getting more money from the government if they are getting month money from the government they should write the checks out. >>neil: we will watch it closely. thank you. . you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. >>neil: to michigan, protesters not stopping republicans from approving right-to-work legislation that stopped you from forcing non-union workers to pay dues and could become law by next wednesday with my next guest's signature. does business ring a bell? this is the governor of michigan. >> we will get it done. it is important because it is about being pro worker, we have hard people, hard work people in union and they should be able to decide whether to join a union or not. it is not about employers or collective bargain. people should have the opportunity to say they want to belong or not. second, this ca
cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is an 80-year low. we cannot fund the government with the revenues and loss in jobs that we have. host: cbo has done a study. including all parts of the tax cuts, and you have sequestration, you could increase the budget in very short order. this is a combination. we of had spending increases. the worst spending is dropping precipitously and we're still running a $1 billion deficit. it is about taxes, it is about other spending. in the future it will be about social security and medicare and medicaid, all of which go into negative financing at the end of the decade. guest: the debt doubling has been the consequence of tax cuts, lower revenues, the layoffs that happened and the recession we are still somewhat in. it is not true that if all the social entitlement programs going to the red at the end of the decade -- social security is likely to be very heavily financed by itself right through 2014. -- 2040. medicare has a real problem of go
this weekend. president obama taking his message of middle class tax cuts and tax increases for the rich to detroit today. just as michigan is facing a big vote against union organizing in a state long identified with the labor movement. joining me now for our daily fix, msnbc contributor and managing editor of "post". good day to you. well, first of all, the labor movement really on the ropes now in michigan of all places. michigan where detroit, of course, was the heart of the auto movement, the auto union, and now you've got a vote -- final vote is tomorrow as the president is being greeted by rick snyder, the governor, who says he will sign that, and to union right to work legislation. what does that really mean? >> well, so what you have here, this is something that's passed in 20 plus states. what it essentially says is you do not have to pay union dues in order to be employed. unions view it as a direct attack on their -- the power of organized labor, which comes at least, in part, politically speaking from union dues. look, here's the issue. the state senate and the
boehner said he is waiting on president obama to outline spending cuts. this is a kind of strange thing for the speaker to say. president obama outlined very specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. of course, nothing specific in revenue whatsoever. all generalizations. the republicans want more spending cuts. tell us what you want. that is what i say to them. we cannot read their minds. we are not going to make a proposal for them. republicans know perfectly well that democrats are willing to make tough choices on these issues, if they understand, which i hoped they do by now, we are going to look out for the middle class first. the only thing standing in the way of an agreement is republicans, their insistence on holding tax cuts for middle- class families hostage to bring on the fiscal cliff. there is a lot of bluster coming from republicans, but that is crumbling quickly. every day, we read about more republicans breaking ranks, calling out the speaker to allow tax rates to rise on the wealthiest. yesterday,
that president obama will cut a deal or try to with the iranian regime over their nuclear weapons program that will, in fact, sacrifice the people of the iran. i would like to ask ali if you can add to some of those good suggestions that emanuele made earlier about tying in the human rights agenda and the nuclear agenda. i believe the best investment we can make is help the people i read get rid of the regime. >> thank you for the question. the united states has a fairly good experience in this regard many people in the group assembled here today belong to the right age group. you remember, some of you, the bad old days of the cold war but you also remember how the united states managed to start the helsinki process with the soviet union. the idea was that negotiations between the u.s. and the soviet regime -- and the iranian regime should not only be about nuclear proliferation but also a human in. in the soviet society, they felt there is international support and i knew there was a government outside their own totalitarian system trying to give them a push. that was important. another
? >> okay. there is no need to raise taxes to get a deal. obama two years ago extended all the bush tax cuts for two years. there is no reason not to do that again. his reason --. melissa: he will not agree to it though. seems like the only way to get a deal done here is to give an inch much of ground? >> there is no deal if he wants to raise taxes. -phe can veto any, the republicans have already passed through the house making those tax cuts permanent. if the gnat, which hasn't acted, hasn't voted, remember the reason why we have this odd position of some of the weird polling that you're talking about which is different than the traditional polling is that we've had a news blackout about what goes on inside these negotiations. we've been insisting that we should have those negotiations between boehner, reid, everybody forgets harry reid is in the room and obama with c-span cameras there so every american can see what actually happens. if they saw what they're talking about, we would have a much better deal at the end of the day. melissa: i don't know. i think we would all be in agony watchi
big ones start january 1st. that is one part. part two, the bush tax cuts disappearing. that is $500 billion tax increase next year, 2013. and then the third part which is the spending rerain sequester, which obama wants to put off. that would save 1.2 trillion over a decade. he wants to put it off and spend the 1.2 trillion. melissa: all true but you know what? at this point it seems like it is not resonating with the averaae american. go out and loo at polls. quinnipiac said 77% of all republicans think it is a bad idea for lawmakers to promise never to raise taxes. >>o, no, read that poll. melissa: reading it verbatim. >> the question was, ould you not raise taxes on the high income earners, whatever. melissa: to never raise taxes on wealthy under any circumstance? >> okay. the pledge of course is not to raise taxes period. the edge is also to the amer people not to any one group of people. so the good news is, also, whenou ask people, even the ones who say it would be okay to raise taxes on high income people, if we rse taxes for the fiscal cliff or for debt ceiling, do you belie
mcconnell fired back that president obama can't get fellow democrats to back real spending cuts. >> we with r running out of time. time to to see if the president is willing to cut any spending at all. >> ia carney held up the president's budget plan again. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuths. >> except in that budget, the president includes $100 billion in medicaid cuts. that would have come from shifting more costs to states. yet; just yesterday the department of health and human services revealed it no longer supports those cuts. because the supreme court landmark healthcare decision allows states to opt out of the new laws medicate expansion. when carney was pressed today on how to white house will make up the spending cut, he hedged minutes after demanding more specifics from bane baun on taxes. >> i have to get you more -- see if we have more specifics for you. >> this comes a the white house thinks the heavy pressure from the fellow democrats who today demanded no cuts to any of the health entitle
, we have the tax cuts, the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is an 80-year low. we cannot fund the government with the revenues and loss in jobs that we have. host: cbo has done a study. including all parts of the tax cuts, and you have sequestration, you could increase the budget in very short order. this is a combination. we have had spending increases. the worst spending is dropping precipitously and we're still running a $1 billion deficit. it is about taxes, it is about other spending. in the future it will be about social security and medicare and medicaid, all of which go into negative financing at the end of the decade. guest: the debt doubling has been the consequence of tax cuts, lower revenues, the layoffs that happened and the recession we are still somewhat in. it is not true that all the social entitlement programs are going to the red at the end of the decade -- social security is likely to be very heavily financed by itself right through 2040. medicare has
. speaker boehner says he is waiting on president obama to outline spending cuts. this is kind of a strange thing for the speaker to say. president obama outlined specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. and nothing specific in revenue whatsoever. all generalizations. republicans want more spending cuts. tell us what you want, we say to them. we cannot read their minds. we will not make a proposal for them. they know that we are willing to make tough choices on these issues. i hope they understand by now that we will look out for the middle class first. illinois standing in the way of an agreement is republicans. -- the only thing standing in the way of an agreement is republicans. there is a lot of bluster coming from the republicans about society kremlin quickly. every day -- crumbling quickly. they are calling on the speaker to let tax rates rise. yesterday it was coburn. today was another. he said he would take raising rates are the top 2 bracket -- and went on with other things he wanted. he wants the rates to
million in so many things. if we got the fiscal cliff. gerri: withhe dense cuts come if we do over the cliff, it will cost $100 million or over that? >> 137 million. gerri: would this put you into the red? >> it certainly could. we are still looking at obama's health care plan and what it will do to the sta budget. the federal strings are tied. i asked the president about this. the federal funds that come down to the state as you may cuts -- we can still have the strength attached to it. it doesn't give leeway to meet your unique circumstances in our state. we are all different. different budgets,ifferent employment rates, different constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> tha
to begrudgingly accept the tax hikes and obama and the democrats need to come with spending cuts. unless we treat this like it's an actual problem and not just political theater, all of this stuff is meaningless. totally meaningless. >> the thing i would say on that is it's less like an economic plan and more like fairness and people feeling like they are not getting the raw end of the deal. >> that's political and that's fine. i understand the political argument for it. they are acting like this is going to solve a lot of problems and it's not. republicans are acting like it is going to be the end of the world and it's not. we need to just swallow this bitter pill and move forward and talk about tax reform and entitlement reform and the things we need to address our fiscal problems. >> part of what we are seeing is going back to seeing an anti-government party trying to drag down government and that's going to be good for the business in general. i agree with most of what you guys said except with what you said. i'm glad you said fetish. i like when the word fetish is in any conversation about p
at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses moving higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, and ten year treasury down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, pre
are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed spending cuts by the president, pages 17 to 45. i recommend them to you. >> so, at this point, a deal before christmas looking unlikely. as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction. are you going to be able
tax cuts to expire for everybody. it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn mortgage into a 12% tax credit. co-author of the plan alan simpson said on cbs' "face the nation" there's no easy way out of this debt problem. >> not a single economist who talked to us in our hearings said we can't grow our way out of this thing if we had double digit growth for 20 years, you can't cut spending out of this. and you can't tax your way out of this baby. this is impossible. >> earlier today i spoke to the other co-author of the simpson-bowles plan, former white house chief o
developing news. president obama on the ground in michigan right now starting the week right where he left off last week. using the public to pressure republicans in to extending tax cuts for the middle class to avert the fiscal cliff. these are some live pictures of a diamler plant outside of detroit where the president will be speaking in a couple of minutes. the president greeted by the state's republican governor about an hour ago. one day before a controversial right to work bill the white house is opposed to is signed in to law. we'll have more on that later in the show but as far as the fiscal cliff, our first read team says we are already at the end game if the goal is to get a deal passed by december 21st. now that means the president and house speaker boehner have five days max to reach an agreement. that takes us to the 15th. then the legislation has to be written by the 18th. the president is now working two strategies to get a deal done. he met with speaker boehner yesterday. that's the first face to face in nearly a month and their one on one first one since july 2011. now, t
says that. >> eric: president obama offered zero credible spending cuts. zero. he said, we'll defer spending cuts ten, 20 years down the road if we get the tax increases in the meantime. i think it's time -- brit hume had an idea that it may look like the republicans are going to be the problem if we go off the fiscal cliff. i'm going to tend to disagree with what he's going to say. take a listen. >> the american people say it's the gop's fault when the president obviously isn't giving anything at all up. >> well, bill, you know that and i know that in part because we watch fox news and fox news reports it that way, which is the straightforward way to report it. you can find that out from reading other media, but you have to read it carefully because it's not apparent. all the conversation, all the discussion, all the news that's made in this whole discussion since the end of the election has been about what? it's been about tax rates on the rich. >> right. >> that has been the whole story. >> steve: it should be about spending. there are polls that show 60% of americans say go ah
to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even some democrats are siding with republicans saying they want it keep current rates. all the sides here tyler remain very far apart. wealthy families need 20 rewrite their wills and charity plans. for the country, there are hundreds of billions of dollars at stake. under old rates, they raise $532 billion by 2021. obama plan raised around $270 billion, about half. gop raises about $161 billion. the fight over taxing the rich, especially in the estate tax, is far from over. back to you, tyler. >> not the first time the estate tax has come up in these kinds of negotiations. in 2010, the estate tax was zero for that year. the people who passed way in that year had nothing subject to tax. let's talk about the guy who might eventually be interested in the estate tax. we just learned the identity of the second big powerball winner from a wealthy neighborhood in phoenix. his name is matthew good. it is good to be good. he is taking his winnings he says in
, everybody, we're live in america's news headquarters, i'm jamie colby. president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get the debt under control. taxes will not control our debt. >> both sides of the issue. i'm jamie colby, back to cavuto on fox business, only on the fox news channel. >> what's the deal with the guy wearing sunglasses and saying nothing? >> and all over again in michigan, protesting the right to work bill. the scene almost identical to wisconsin last year and that state's battle over collective bargaining and then, what's going on? >> and i think it's always tough for unions to admit they've lost allure. i'm a union man and i know charlie is very fond of union
it when it happens together. >> sean: if they do that, you know and i know the spending cuts aren't coming. what's frustrating to me. speaker boehner co-oped obama's language with raising taxes on the rich. i'm saying, wait a minute, there are things you can do. i thought there was a good piece in the "washington post" today, laying out five steps. stand your ground, go on offense, and pass your plans. >> yeah. one of the things we don't do is, we don't make the point that if we are going to do revenue enhancements, they must be in exchange for spending cuts and should happen together. we can no longer do spending cuts with promised reductions in spending that never happen. >> sean: why aren't we talking about the moral imperative? i think this is a moral imperative. we're borrowing 46 cents of every dollar. we're robbing our children and grandchildren. >> right. >> sean: why isn't that the debate that's front and center? everyone says we ought to raise taxes on the rich. that lasts 8 1/2 days a year. >> obama has co-oped the message, let's raise taxes on the rich, which actually brings ve
going up on the top 2%, only 2%, and all of those americans get a tax cut on the first $250,000 of their income. >> well, what if the obama administration lets it happen? what happens to the average american family. joining us here, is congressman randy forbes, nice to have you on the show. >> thank you, governor. >> let me ask you something, do you feel that the president actually wants it to happen so it gives him some political advantage? >> well, governor, i just have to judge that by two things, first of all, what i'm hearing from my colleagues on the democratic leadership side and told me as late as last week, they wanted to go over the fiscal cliff because we've argued all along they'll start by simply taxing everybody above 200,000, but that will continue and this'll lower at that rate and limit and they told me they'd vote for everything that tax everybody above $150,000 and secondly you look at the president as actions. the president doesn't want an agreement or compromise, he wants to get his way and that's why he won't come to the table with any serious proposal
Search Results 0 to 49 of about 76 (some duplicates have been removed)